USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AsterUSELESSUSDT	0.1604	+0.0100	pay 0.0050% / 4h	1h 10m	$286K	$157K	10x	Long Aster≤10% back
SHORT	Lighter RHUSELESS	0.1603	+0.0096	get 0.0012% / 1h	10m 14s	$31K	$104K	3x	Short Lighter RH+10% pts

Price gap−0.087%

Funding gap−0.0004% /8h

Funding is ≈ 0 and the gap is 0.084% under its 7d average: the price leg works against you, −$8 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$2−0.0004% /8h now · paid −0.017% over the last 7D

Price−$8spread −0.087% now, avg −0.002% → −0.084% if it goes back

Costs−$870.868% of $10k · taker + slippage, in and out

Result−$97−0.97%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.087%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

USELESS on 29 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size17.5 / 23.3 bp
At $10k entering Lighter RH costs 23.3 bp, fee and slippage, 1.3× Aster’s.
Note: Margin at max leverage$1,000 + $3,333
Aster 10x, Lighter RH 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$0.12Long Aster: 6 payments, −$3.00; short Lighter RH: 24 payments, +$2.88.
Watch: Gap narrower than usual−0.087% vs −0.002%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$31K vs $286K OI
Lighter RH sets your exit cost. Check its book before closing.
OK: Points on a legAster Stage 5 · Lighter RH Points live
Volume here counts toward the points program.
OK: No KYC on either legAster No · Lighter RH No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0008%/8h × 21 periods−$1.67

Price spread−0.087% → −0.002% (7d avg)−$8.45

Slippage, 4 orderslive order books−$78.78

Fee Aster bp × 2 orders−$8.00

Fee Lighter RH bp × 2 orders$0.00

Net · 7 days · $10k−$96.91

Costs to cover0.868%Break-evennever at this rate

Slippage: Aster: live order book, 8 min ago; Lighter RH: live order book, 23 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGAster5.6017.5 bp−$17526.5 bp−$5,265doesn’t fitdoesn’t fit

SELL · SHORTLighter RH5.6123.3 bp−$2396.4 bp−$964doesn’t fitdoesn’t fit

Closing costs about the same again.

USELESS news

posts that mention USELESS, from every exchangeSearch all news →

10-02 16:07	Lighter RH	Listing	New perp listing! You can now trade $USELESS on Lighter on Robinhood Chain at 3x leverage. @Lighter_xyz on X ↗
10-02 14:14	Lighter RH	Listing	new market USELESS ($USELESS) seen by our collector
10-01 10:34	Avantis	Listing	new market USELESS/USD ($USELESS) seen by our collector
09-25 05:25	Arcus	Listing	$USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗
09-24 17:18	Arcus	Listing	new market USELESS-USD ($USELESS) seen by our collector
09-22 14:31	Nado	Listing	new market USELESS-PERP ($USELESS) seen by our collector